New GM CEO Says Bankruptcy Still Possible
By Alan Stewart Carl | Related entries in Bailouts, Cars, Corporate BusinessAfter months of hand-wringing, bailouts and backlash, new GM CEO Fritz Henderson says bankruptcy is still a very real possibility: The company, he said, has until June 1 to accomplish changes sought by the government, or it will be in bankruptcy. The 60-day deadline should be enough time, but if it becomes evident that the [...]